Describe the impact of Great Depression …

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Describe the impact of Great Depression on Indian economy

Posted by Fiza Khan 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

? Ariana Grande Fan@Ishit ? 6 years, 9 months ago

The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected. The international financial crisis combined with detrimental policies adopted by the Government of India resulted in the soaring prices of commodities. High prices along with the stringent taxes prevalent in British India had a dreadful impact on the common man. The discontent of farmers manifested itself in rebellions and riots.

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